Businesses typically pay more property taxes per $1000 of assessed land value than residential property. This difference describes the proportional share of the tax burden borne by business. A lower business class tax multiple is one of several factors that shows how “business-friendly” a community is.
In comparing 2013 taxes for municipalities across the North Okanagan and Columbia-Shuswap, Enderby is second only to Lumby in its efforts to maintain a business-friendly tax multiple.
Community | Tax Multiple |
---|---|
Lumby | 1.6820 |
Enderby | 2.0444 |
Sicamous | 2.2255 |
Coldstream | 2.4000 |
Golden | 2.4500 |
Salmon Arm | 2.4689 |
Vernon | 2.6189 |
Armstrong | 2.6664 |
Spallumcheen | 3.1000 |
Revelstoke | 4.1845 |
Last Updated on January 18, 2015.